Klarna is a publicly traded Swedish fintech with no controlling owner, and its largest shareholder is a group of Sequoia Capital funds. Its market cap was about $5.0 billion on November 3, 2026.
Sequoia held about 23% of total voting rights, according to Klarna’s annual report filed in February 2026. Heartland A/S, two co-founders and Commonwealth Bank of Australia follow.
Klarna ownership at a glance
| Item | Details |
|---|---|
| Ownership type | Public company (NYSE: KLAR), no controlling shareholder |
| Parent company | None (independent) |
| Largest shareholders | Sequoia Capital funds, Heartland A/S, Sebastian Siemiatkowski, Victor Jacobsson, Commonwealth Bank of Australia |
| Market cap | About $5.0 billion (November 3, 2026) |
| Last funding round or acquisition | IPO on September 10, 2025, raising $1.37 billion at $40 per share |
| Founded | 2005, Stockholm |
| Headquarters | Stockholm, Sweden (parent registered in London) |
| CEO | Sebastian Siemiatkowski |
Who owns Klarna today?
Five holders each owned 5% or more of the share capital in Klarna’s Form 20-F, filed on February 26, 2026.
Sequoia’s funds held 76,671,503 ordinary shares. That equals roughly 20% of the 377.5 million ordinary shares outstanding on December 31, 2025.
Heartland A/S, the holding company of Danish billionaire Anders Holch Povlsen, held 29.7 million shares. Co-founder Victor Jacobsson held 25.0 million, and CEO Sebastian Siemiatkowski held 24.7 million. Commonwealth Bank of Australia held 17.4 million.
The third co-founder, Niklas Adalberth, held 2,942,304 shares before the IPO.
Employees hold equity through the 2025 Omnibus Incentive Plan, a restricted share unit program and option agreements. Klarna has not published the total size of the employee pool. Public and institutional investors own the rest.
Who controls Klarna?
Voting power and economic ownership differ at Klarna. Before the IPO, the company issued one Class B share for each ordinary share that existing holders owned.
Each Class B share carries ten votes. It has no right to dividends and cannot be transferred. Klarna’s articles convert Class B shares into non-voting deferred shares after certain sales of ordinary shares by their holders.
Public buyers get one vote per ordinary share, so most voting power stays with pre-IPO holders. Siemiatkowski also holds options that can become ten-vote Class C shares, capped at 15% of the votes that existed before the IPO.
Sir Michael Moritz chairs the board. He is the former Sequoia partner who backed Klarna in 2010. Sequoia’s Andrew Reed is a director, as is Lise Kaae, who joined from Bestseller Group in 2020. Directors serve staggered three-year terms.
In March 2026, Moritz bought 3,472,845 shares for about $49.9 million through an associated entity.
Who are Klarna’s largest shareholders?
| Shareholder | Type | Ordinary shares | Share of ordinary shares | Share of voting rights |
|---|---|---|---|---|
| Sequoia Capital funds | Venture capital | 76,671,503 | 20.3% | 23% |
| Heartland A/S | Family holding company | 29,652,586 | 7.9% | 9% |
| Victor Jacobsson | Co-founder | 24,959,959 | 6.6% | 6% |
| Sebastian Siemiatkowski | Co-founder and CEO | 24,651,816 | 6.5% | 7% |
| Commonwealth Bank of Australia | Bank | 17,407,235 | 4.6% | 5% |
Klarna does not publish a split between institutional, insider and retail holders. Third-party estimates built on 13F filings differ by tens of percentage points.
SoftBank Group reported 15.4 million shares in its 13F for the first quarter of 2026. The IPO lock-up on pre-listing holders ended on March 9, 2026, so stakes may have changed since the annual report.
Who are the biggest investors in Klarna?
Sequoia has backed Klarna since 2010, when Moritz wrote its first check. SoftBank’s Vision Fund 2 led a $639 million round in June 2021 that valued Klarna at $45.6 billion.
In July 2022, Klarna raised $800 million at a $6.7 billion valuation, an 85% drop. Sequoia, Silver Lake and Commonwealth Bank of Australia took part. Mubadala and Canada Pension Plan Investment Board joined as new investors.
Investors named in Klarna’s funding announcements include:
- Sequoia Capital, an investor since 2010
- Heartland A/S and Bestseller Group, linked to Anders Holch Povlsen
- SoftBank Vision Fund 2, lead of the June 2021 round
- Silver Lake, Dragoneer and HMI Capital
- Commonwealth Bank of Australia and Ant Group
- Mubadala and Canada Pension Plan Investment Board, new in July 2022
Sequoia is also an early backer of Stripe, which is still private. Our breakdown of Stripe’s ownership structure covers its founders and investors.
Klarna set its $45.6 billion mark as a private company. Current private-market figures appear in our 2026 AI unicorn statistics.
Is Klarna publicly traded?
Yes. Klarna Group plc trades on the New York Stock Exchange under the ticker KLAR. The IPO priced at $40 on September 9, 2025, above the $35 to $37 range.
Klarna sold 5 million of the 34.3 million shares, and existing holders sold the rest. The stock hit $57.20 on its first day and a low of $12.06 on March 30, 2026. It closed at $13.22 on November 3, 2026.
Other fintech companies, including Revolut and Stripe, appear in our tracker of the 2026 IPO pipeline.
FAQ
Who founded Klarna?
Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson founded Klarna in Stockholm in 2005. Siemiatkowski is still CEO. Jacobsson left his operating role in 2012 but remains a top-five shareholder.
Does Sequoia Capital own Klarna?
No. Sequoia’s funds are the largest shareholder, with about 20% of ordinary shares and 23% of voting rights in Klarna’s 2025 annual report. That stake does not give Sequoia control.
Does SoftBank own Klarna?
No. SoftBank’s Vision Fund 2 led Klarna’s $639 million round in June 2021. SoftBank Group reported about 15.4 million shares for the first quarter of 2026, roughly 4% of ordinary shares.
Is Klarna a Swedish or British company?
Both. Klarna started in Stockholm in 2005 and is based there. Its parent, Klarna Group plc, is incorporated in England and Wales, with a registered office in London.
How much voting power does Sebastian Siemiatkowski have?
Siemiatkowski held 24.65 million ordinary shares and about 7% of total voting rights, according to Klarna’s Form 20-F filed in February 2026. He also holds options that can become ten-vote Class C shares.
